Zacks: Analysts Expect Polaris Industries Inc. (PII) Will Announce Quarterly Sales of $1.49 Billion

Equities research analysts forecast that Polaris Industries Inc. (NYSE:PII) will post $1.49 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Polaris Industries’ earnings. The highest sales estimate is $1.52 billion and the lowest is $1.45 billion. Polaris Industries posted sales of $1.30 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Polaris Industries will report full-year sales of $6.79 billion for the current year, with estimates ranging from $6.72 billion to $6.83 billion. For the next year, analysts expect that the company will post sales of $7.03 billion, with estimates ranging from $6.93 billion to $7.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Polaris Industries.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, January 29th. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.01. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS.

A number of research firms have issued reports on PII. B. Riley downgraded Polaris Industries from a “buy” rating to a “neutral” rating and cut their price target for the company from $126.00 to $99.00 in a research note on Monday, December 10th. Wells Fargo & Co cut their price target on Polaris Industries from $115.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, December 18th. TheStreet downgraded Polaris Industries from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Finally, ValuEngine downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and an average target price of $104.17.

Shares of PII traded down $0.56 during trading hours on Wednesday, hitting $85.12. The stock had a trading volume of 445,532 shares, compared to its average volume of 724,978. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.24 and a quick ratio of 0.43. The company has a market cap of $5.19 billion, a PE ratio of 12.98, a P/E/G ratio of 0.94 and a beta of 1.14. Polaris Industries has a 1-year low of $70.27 and a 1-year high of $131.25.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.87%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s dividend payout ratio (DPR) is currently 36.59%.

In other news, Director Kevin M. Farr bought 1,125 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were purchased at an average price of $88.59 per share, with a total value of $99,663.75. Following the transaction, the director now directly owns 15,604 shares in the company, valued at $1,382,358.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Polaris Industries by 9,905.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock worth $30,000 after buying an additional 2,306,710 shares in the last quarter. CWM LLC raised its holdings in shares of Polaris Industries by 68.1% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock worth $39,000 after purchasing an additional 207 shares during the period. Doyle Wealth Management bought a new stake in shares of Polaris Industries in the 4th quarter worth approximately $48,000. JNBA Financial Advisors bought a new stake in shares of Polaris Industries in the 4th quarter worth approximately $50,000. Finally, Claybrook Capital LLC bought a new stake in shares of Polaris Industries in the 4th quarter worth approximately $86,000. 83.56% of the stock is currently owned by hedge funds and other institutional investors.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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